CoreLogic plans new debt for buyout by Stone Point and Insight

By Sara Rosenberg

New York, Feb. 4 – CoreLogic has received a commitment for debt financing to help fund its acquisition by Stone Point Capital and Insight Partners, according to a news release.

J.P. Morgan Securities LLC provided the debt commitment.

Other funds for the transaction will come from equity.

Under the agreement, CoreLogic is being bought for $80 per share in cash, representing an equity value of about $6 billion.

Closing is expected in the second quarter, subject to shareholder approval, regulatory approvals and other customary conditions.

CoreLogic is an Irvine, Calif.-based property information, analytics and data-enabled solutions provider.

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